Israel and Florida: A Strong and Growing Economic Partnership
Israel and Florida have a strong relationship, sharing many common areas of business activity. In August 2013 the State of Florida and the State of Israel signed in a memorandum of understanding agreement to promote collaborative research, development and commercialization of projects related to space. For Israel this means an expansion of its economic cooperation abroad, and for Florida it means maintaining and strengthening its space sector despite NASA’s recent pull-out. Under this agreement, the governments of Israel and Florida are matching each other, dollar for dollar, to establish a fund to provide grants to Israeli and Florida companies that present joint research ideas for innovative space technologies.
Florida and Israel also have a history of strong cooperation in defense and homeland security, as well as in the life sciences fields. Both industries are highly developed in Israel and in Florida, and Israeli companies are increasingly looking to Florida when seeking to expand to the U.S and Latin America. Israeli-based Mazor Robotics chose to take advantage of Florida’s friendly business climate, investing $150,000 opening their U.S. headquarters in Orlando, Florida in 2012, and creating over 30 local jobs.
The state of Florida has much to offer Israeli companies and has a large and active Jewish community. No other site in the Western Hemisphere can match Florida’s unique combination of strategic geographic location, state-of-the-art infrastructure, multilingual workforce, and concentration of corporate and financial resources. From Florida, companies can do business globally, both virtually and in the real world.
International Business Center:
Florida is host to regional and hemispheric headquarters of companies from all over the world, a vibrant international banking center and a diplomatic hub with a Consular Corps representing some 80 nations. Many international firms base other facilities, such as warehousing, distribution and manufacturing, in Florida to take advantage of its easy access to global markets.
International Business Facts About Florida:
Florida is a major gateway for merchandise trade between North America, Latin America, the Caribbean, and other world regions. In 2012, goods valued at US$162 billion entered or exited the United States through Florida’s two U.S.
Customs Districts. (U.S. Census Bureau, Foreign Trade Division)